You're talking about regulation in a de-regulated society. A society that does not realize that scamming is the American way.
Banking, health, environment, schools, prisons.....everything de-regulated becomes a source of revenue for those who will prey upon the rest. Add into it corruption of the legal system and you've got a shit show
Sucker born every minute
That's it. If you don't have a watchdog, you are going to get fucked.
Who is looking out for you in this mass murder environment? The gun industry? They will lose money if regulations are imposed.
They do not want regulation and pay people gladly to avoid it.
Same with any other instituion making a living off the backs of others. They don't care. So who does?
Just think of any game. For money. Now no rules. Watch out cause all hell will break lose.